Formidable Asset Management, LLC

CIK 0001592613 · Q2 2026

13F Equity AUM

$628.8M

-2.9% QoQ

Positions

386

+6 QoQ

AUM Rank

#3,215

Top 37%

Skill Alpha (FF)

-0.2%/yr^ns

No Clear Edge

Rank #3,010 · Top 36%

vs S&P -3.1%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 22.7%Top 10: 32.8%Top 20: 43.9%

AAPL7.2%

PG5.8%

NVDA3.9%

KONG3.0%

FORH2.8%

MSFT2.8%

META2.3%

GOOG1.9%

LLY1.7%

AMZN1.4%

Others (376)67.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services34.8%

Technology21.4%

Consumer Defensive8.4%

Healthcare6.9%

Consumer Cyclical6.8%

Communication Services6.3%

Industrials6.0%

Energy3.8%

Other5.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 386Median: 0.10%Avg: 0.26%

0–0.5%

349(44.8%)

0.5–1%

19(13.1%)

1–3%

15(25.1%)

3–5%

1(3.9%)

5%+

2(13.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 386vs 20 funds

0%Low

386

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New39Increased111Decreased191Exited33

New Positions

JEMA0.2%

+26K

MDLZ0.1%

+15K

VST0.1%

+5K

FLS0.1%

+8K

NVT0.1%

+4K

SPTS0.1%

+16K

XSSPX0.1%

+32K

HSTM0.1%

+19K

HIMU0.1%

+10K

BAM0.1%

+9K

Increased

LAR0.5%

+142K(+53%)

FLUX0.5%

+86K(+3%)

QGRW0.7%

+22K(+40%)

KKR 6.25 03/01/28 D0.2%

+20K(+227%)

AMLP0.2%

+17K(+173%)

SHV0.7%

+15K(+65%)

BCAT0.2%

+14K(+22%)

FID0.1%

+14K(+46%)

DFLV0.3%

+13K(+39%)

RDVI0.1%

+10K(+48%)

Decreased

ACTG0.6%

-45,733(-5%)

JPST0.6%

-36,838(-33%)

KPLTW0.0%

-20,000(-67%)

PETS0.0%

-19,650(-19%)

BAC0.3%

-18,873(-32%)

LAC0.1%

-18,184(-16%)

SPEM0.1%

-17,512(-65%)

GSK0.0%

-16,837(-79%)

FDL0.2%

-15,671(-44%)

JD0.2%

-15,373(-29%)

Exited

-2,655

-12,402

-15,070

-37,371

-2,805

-14,741

-13,005

-30,143

-4,220

-11,043

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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